Question

normal profit is a part of total revenue state true false also give reason

Answer 1

Explanation:

Normal profits refer to the level where the firm's Total Revenue (TR) is exactly equal to its Total Cost. Now, the Total Cost of a firm includes explicit cost as well as implicit cost. This means, when a firm's TR=TC, it is covering its explicit as well as implicit cost.

Answer 2

Explanation:

The solution of the equation

is given by- (A)

9. (B)

(C)

(D